Domestic Supply Chain of Critical Minerals

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Glenstar Minerals Comments on U.S. Strategic Minerals Reserve Initiative in Nevada
Newsfileยท 2025-08-28 12:35
Core Viewpoint - Glenstar Minerals Inc. supports the establishment of the U.S. Strategic Minerals Reserve in Nevada, which is seen as a significant step for North American critical minerals security [1][2]. Industry Developments - A public-private partnership, led by M2i Global and Volato Group, will transform the Hawthorne Army Depot into a hub for storing, refining, and distributing essential minerals like gallium, graphite, and copper, backed by U.S. government departments [2]. - The U.S. government has allocated $2 billion from the $52.7 billion CHIPS Act funding towards critical minerals projects, emphasizing the commitment to a domestic supply chain [2]. Company Insights - Glenstar recently raised over C$3 million to advance drilling and exploration at its Green Monster and Wildhorse projects in Nevada, which are yielding promising polymetallic results [3]. - The Green Monster asset is producing significant grades, including over 30% zinc and 5.7 oz./t silver, aligning with the minerals targeted by the new reserve and CHIPS Act funding [5]. - Glenstar's operations benefit from Nevada's infrastructure and political support, which are further enhanced by the recent government initiatives [8]. Future Outlook - The company plans to aggressively advance its drilling programs, with ongoing tests at Green Monster and Wildhorse showing promising early results [5]. - Glenstar aims to build a resource that is crucial not only for shareholders but also for national security, reinforcing its strategic position in North America's mineral independence [5].